Hyperscale Data reports recent unregistered stock issuances and conversions
Investing.com
Published Jul 10, 2025 04:58PM ET
Hyperscale Data, Inc. (NYSE:GPUS) disclosed a series of unregistered equity transactions in a filing with the Securities and Exchange Commission on Thursday. The company, currently trading at $1.34 per share with a market capitalization of $27 million, has been flagged by InvestingPro analysts for operating with significant debt concerns.
Between July 2 and July 8, the company issued a total of 1,117,133 shares of Class A Common Stock following the conversion of approximately 1,130.34 shares of Series B Convertible Preferred Stock. During the same period, Hyperscale Data also issued 183 shares of Class A Common Stock upon the conversion of an equal number of shares of Class B Common Stock. These shares were issued under exemptions from registration requirements provided by Section 4(a)(2) of the Securities Act of 1933. The conversions come as the company faces liquidity challenges, with a concerning current ratio of 0.28 and total debt of $120 million.
On Wednesday, the company issued 427,565 shares of Class A Common Stock after the conversion of $440,381 of an outstanding convertible note. This issuance was completed under an exemption from registration as outlined in Section 3(a)(9) of the Securities Act.
As of Wednesday, Hyperscale Data reported 16,689,864 shares of Class A Common Stock outstanding.
This information is based on a statement made in a press release and detailed in the company’s SEC filing.
In other recent news, Hyperscale Data, Inc. reported that its subsidiary Sentinum generated approximately $11.2 million in Bitcoin mining revenue year-to-date through June 2025, with 13.7 bitcoins mined in June alone. The company has activated two mining sites in Montana, collectively operating 18,200 Antminers, and anticipates increasing its operational miners to 3,200 by the end of July 2025. Additionally, Hyperscale Data's subsidiary Ault Markets plans to launch a validator node on the Solana blockchain in the third quarter of 2025, marking an expansion of its blockchain infrastructure services. The company is also preparing to apply for the Solana Foundation Delegation Program. Meanwhile, Hyperscale Data's askROI app has surpassed 300,000 downloads, nearly doubling its previous milestone, despite minimal marketing efforts. Furthermore, Bitnile.com, another subsidiary, has begun accepting all verified Solana-based tokens as payment on its platform, supporting tokens like $BONK and $TRUMP. Hyperscale Data also plans to divest its subsidiary Ault Capital Group by December 31, 2025, to focus on data center operations and high-performance computing services.
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